https://www.taxtmi.com/article/detailed?id=1795 Amendment to Rule 14 restricts recovery to instances where CENVAT credit has been taken and utilized wrongly, implying recovery only when credit was both wrongly availed and wrongly used; as a result, wrongly utilized credit that was rightly availed may fall outside Rule 14 and the attendant recovery mechanism, producing a conflict with Rule 3(4)'s utilization prerequisites and forcing the revenue to reconsider enforcement or amend the Rules. en-us Sat, 30 Jun 2012 18:46:10 +0530 Sat, 30 Jun 2012 18:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1795 Amendment to Rule 14 restricts recovery to instances where CENVAT credit has been taken and utilized wrongly, implying recovery only when credit was both wrongly availed and wrongly used; as a result, wrongly utilized credit that was rightly availed may fall outside Rule 14 and the attendant recovery mechanism, producing a conflict with Rule 3(4)'s utilization prerequisites and forcing the revenue to reconsider enforcement or amend the Rules. Articles Cenvat Credit Sat, 30 Jun 2012 18:46:10 +0530 https://www.taxtmi.com/article/detailed?id=1795